Al-Zaidi flying to Washington…Why he is really going...? Iraq is not a poor country. It sits on one of the largest oil reserves on earth and holds around $90 billion in gold and hard currency, a war chest most nations would envy. And yet it cannot pay its own bills. A country is not its savings account. It is its cash flow. And Iraq’s cash flow is broken. More than 90% of what the state earns comes from a single barrel of oil, and at today’s prices that no longer stretches to cover the bills. Salaries and pensions alone eat more than 60% of the budget… Every month the government reaches into that $90 billion and pulls out a few billion more…The reserves slid from nearly $100 billion in March to around $90 billion now…A rich country is quietly eating its savings to pay its wages…Washington cleared Iran to sell its own oil openly again, in dollars, for the first time since 2018, dumping a wave of stranded barrels onto the market. The price has been sliding ever since… :Reset Intelligence [Post 1 of 2….stay tuned]
